Best ways of getting rid of Honda CR-V EX '19 Lease

I leased a Honda CR-V EX '19 back in March 2019 (39 months / 39,000 miles). I feel like it was a big mistake and wish I had bought it instead. AFAIK, I think this is a bad deal. My monthly is $367 and had to pay $2600 upfront (all taxes + fees + cap cost reduction???). I really don’t like the car much anymore and have another 13 months left on it (I’m also at 24k miles). I want to move to a different brand if I lease (Mazda, Volvo, Acura, Infinit, etc…) and learned the hard way to not lease a Honda again. If I decide to lease at a different brand is there a way they can buy out my lease or car early? And if I choose to buy instead of leasing what is the best course of action to do that sooner? Also, HFS is not the financing company, I only learned recently that it is a third-party company affiliated with my credit union.

Bethpage? CULA is what I think of when you say credit union leases. @rvguy is the one to talk to though. Do they have a third party buyout restriction. Only way to get out of your lease is to trade your current lease and use or bury the equity into a new lease. Follow the advice below for that info :arrow_double_down:

:chocolate_bar:

Find out your payoff from your bank, get quotes from Carvana, shift, vroom and others then find out if your bank will accept 3rd party buyouts and if so at the same price as your payoff or if not what would that price be (though if so they likely will only disclose that to a dealer).

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The financing company is Fusion Auto Finance. And I did not see a restriction in my lease agreement. Is that generally something that is directly written in the agreement or is it a finance company-wide policy that I have to abide by? Also thank you for your response.

Thank you for that info. I will definitely find out the buyout price and look for quotes. Also, would this process be considered an early termination and result in early termination fees?

Company wide policy. Contrary to what some people say, your agreement does not dictate that.

No. Early termination and related fees as to buyout vs market value clauses apply for early termination. This is a lease buyout, essentially if you were to purchase the car, then directly trading it into another dealer assuming fusion auto lets you.

:chocolate_bar:

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Fusion is a competitor of CULA so you most likely leased through Teachers FCU. Their end of term policy is strict and you won’t be able to trade it out early very easily. Contact them and find out what your payoff amount is. Current wholesale values on your car/mileage is $26,900 so if you buy it out now you might have a bit of equity.

And learned the hard way to not lease a Honda again.

How come? You don’t like the way the lease deal was structured?

Are you looking for a lower overall lease cost? Given the current market, I don’t think you’re going to save much $.

Exactly, higher equity.prices in leased cars means no discount on the new leases. Yes you may find something here and there but overall leasing prices have skyrocketed.

From experience dealing with Fusion Auto Finance is the same problem like with US Bank. Every time You call You get different 3rd party dealer payoff number. I always ask to get it in writing via email. Good luck.

Sounds like the lease was actually a good choice since you don’t like the car anyway, you can walk away, plus if you suffered any accident damage you don’t have to worry about reduced trade value etc

I am interested to get your remaining lease transferred if you are interested

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